Leaving for a moment BTC macro structures, i want to go down to the four hours where we can see that this last dump was in some ways predictable. I have no idea if we should expect another strong dump leg from here, but i know that price is more likely to do some accumulation before the nex strong , or at least decent, bull move. On the chart fractals can be very similar in shape but not in percentage, so maybe will be the strong move that bring us to 55K or just anothe little pump before the next dump.
This post is not related to my general view, more like a trading time confirmation that tells me to not open a short during the next micro accumulation.
This post is not related to my general view, more like a trading time confirmation that tells me to not open a short during the next micro accumulation.
Comment:
Bear weak volume and momentum shift
Comment:
When what was suppose to be a bull move start to became choppy and weak it's time to exit your longs
This ideas represent more or less the strength of the dump I was expecting.
So i'm coldly expecting something like another vertical leg down(38-35k) very soon, before the micro long accumulation i was talking about up here.